SINGAPORE: As the investors in buoyant gold market today surely must be very happy, the investors in crude and the Asian stock markets nervously awaiting stability, Geo news reported.
U.S. and European countries yesterday’s sinking stock markets have taken Asian markets also today in their grip, while the gold and silver upward rush persisted, taking the gold price to highest-ever at $1775 an ounce and silver seen swelled up by 1 percent.
International market crude price was seen reaching $76 per barrel. However, the profit-takers made purchases at lower level.
Hong Kong stock exchange was hit most by the slump in the Asian markets, as its index tumbled down by 6 percent, Japan’s Nikkei by 4 percent, Taiwan’s Taiex index by 3.5 percent
U.S. economy slowdown fears driving out investors from the more risky stocks to safe gold market.
